LODGING LEADERS
095 | The Smartest Room with Tarun Patel
LODGING LEADERS
Tarun S. Patel is a second generation hotelier and entrepreneur specializing in Hospitality Management and Development, Deal Structure, Finance and Accounting. He’s Principal of Pacific Hospitality Company, and Founder and CFO of Pracrea Inc, a Silicon Valley based startup offering software-as-a-service solutions used by commercial real estate brokers and owners to manage the sale of their listings and properties. Their solution, TheHotelInventory.com, provides a virtual meeting place for hotel buyers and sellers that helps hotel sellers and brokers market their properties, and hotel investors find their next investment.
Tarun earned a BS, Finance and Economics from San Diego State University.
In This Episode, Tarun Reveals
- His experience serving on the Board of Directors for AAHOA and the US Travel Association.
- The importance of getting involved at the local, state and federal level to proactively affect legislation, and some of the legislative issues surrounding the hospitality industry today.
- How the new administration could impact small business owners and the state of the Lodging Industry today.
- What The Hotel Inventory is, how it’s the strongest hotel real estate listing site on the web, and how they’ve gained massive marketshare in a few short years.
Resources & Links
Tarun Patel
- tspatel@pracrea.com
- @TarunPatelSJC
- Office Direct: 408-777-6700
Pracrea, Inc.
- TheHotelInventory.com
- Pracrea on LinkedIn
- info@pracrea.com
1735 North First Street, Ste. 247
San Jose, California 95112
Mentioned in this Episode
LODGING LEADERS
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261 | Let’s Make a Deal: Coronavirus crisis alters hotel transaction landscape
The U.S. hotel industry has practically grinded to a halt in the wake of the coronavirus crisis. As Lodging Leaders shared in our previous report, Episode 260, hotel business performance has declined to unprecedented levels. Another area of the industry that the COVID-19 pandemic is impacting is hotel transactions. Properties remain on the market, but read more
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260 | Startling Statistics: Industry analysts stunned at depth of downturn
Last week, several hospitality-focused analytical companies released data that specifically show how the coronavirus pandemic is decimating the U.S. hotel industry. The picture they paint is grim. And – though experts say they believe the industry will eventually resurge – the months ahead will be hard. In this report we review reports from STR, CBRE read more